Showing 1 - 10 of 20
European integration has created a constitutional asymmetry between policies promoting market efficiencies and policies promoting social protection and equality. National welfare states are legally and economically constrained by European rules of economic integration, liberalization, and...
Persistent link: https://www.econbiz.de/10008799216
The European Monetary Union (EMU) has removed crucial instruments of macroeconomic management from the control of democratically accountable governments. Worse still, the EMU has systemically caused destabilizing macroeconomic imbalances that member states found difficult or impossible to...
Persistent link: https://www.econbiz.de/10009160839
This essay re-examines the dual – republican and liberal – foundations of democratic legitimacy in the Western traditions of normative political theory. Considered in isolation, the European Union conforms to liberal standards but cannot satisfy republican criteria. Given these conflicting...
Persistent link: https://www.econbiz.de/10009658550
European policies imposed in the euro crisis have disabled democratic policy choices at the national level, while the present European euro-rescuing regime lacks democratic legitimacy. But policy choices might now become politicised in the Europe-wide competition of partisan candidates for the...
Persistent link: https://www.econbiz.de/10010241342
On the basis of a brief reconstruction of the causes and impacts of the euro crisis, this paper explores, counterfactually and hypothetically, whether the new euro regime, insisting on fiscal austerity and supply-side reforms, could have prevented the rise of the crisis or is able to deal with...
Persistent link: https://www.econbiz.de/10010194344
This paper attempts a normative assessment of the input and output-oriented legitimacy of the present euro-rescuing regime on the basis of policy analyses examining the causes of present crises, the available policy options, and the impact of the policies actually chosen. Concluding that the...
Persistent link: https://www.econbiz.de/10010258734
Persistent link: https://www.econbiz.de/10001507115
Persistent link: https://www.econbiz.de/10001216043
The paper represents a preliminary and partial analysis of the information collected in a comparative 12-country study of the adjustment of national employment and social-welfare policies to the increasing internationalization of product and capital markets. After the postwar decades, when...
Persistent link: https://www.econbiz.de/10008698822
Eight years after the onset of the "Great Recession," the eurozone is deeply split between "Northern" EMU economies that seem to be doing reasonably well and "Southern" countries that continue to struggle with socioeconomic catastrophe. This paper argues that the continuing malaise is a...
Persistent link: https://www.econbiz.de/10011595459